WASHINGTON— Congress will get a little extra time to prevent a threatened 21 percent cut in Medicare payments to doctors. The House has overwhelmingly passed a bill to repeal the 1990 s budget formula that requires the Medicare cuts. If Medicare is forced to pay doctors at the lower rate, it would cover the difference later, assuming Congress acts.» Read More
If the U.S. Congress hadn't approved the military operations in Iraq or Afghanistan during the Bush presidency there wouldn't be the need to raise the debt ceiling now, U.S. Rep. Barney Frank told CNBC Wednesday.
Health care is an emotional subject for many Americans — and often one of extremes. Yet, as we obssess about the system's structure and cost, we neglect our own health. Obesity and high blood pressure are more common, while exercise and diet are overlooked. Our special report, "Healthy Business", explores these issues.
House Republicans signaled Thursday that they were backing away from the centerpiece of their budget plan — a proposal to overhaul Medicare — in a decision that underscored both the difficulties and political perils of addressing the nation’s long-term fiscal problems. The New York Times reports.
After seeing old age or illness deplete their parents life savings, more baby boomer are signing up for long-term care coverage.
House Republicans appear to be on the defensive, facing worried questions from voters and a barrage of new attacks from Democrats and their allies, the New York Times reports.
I read in the paper Wednesday that Athens is going to hire a bunch of high level advisors to help it with its privatization program. The stuff done so far has been partial privatizations with minority stakes in state owned companies offered domestically and sold on the Athens stock exchange.
Higher oil, lower household wealth and continued trouble in the housing market will keep first-quarter growth "south of 2%," economist Martin Feldstein said Friday.
President Obama will call this week for Republicans to join him in writing a broad plan to raise revenues and reduce the growth of popular entitlement programs, the New York Times reports.
Government payouts—including Social Security, Medicare and unemployment—make up more than a third of US wages. “The U.S. economy has become alarmingly dependent on government stimulus,” says one economist.